Microenterprises Sample Clauses
The 'Microenterprises' clause defines the specific treatment or considerations given to businesses that qualify as microenterprises under the agreement. Typically, this clause outlines eligibility criteria—such as employee count or annual turnover—and may provide exemptions from certain obligations, reduced compliance requirements, or tailored dispute resolution processes for these smaller entities. Its core function is to recognize the unique needs and limitations of microenterprises, ensuring that contractual obligations are proportionate and do not unduly burden very small businesses.
Microenterprises. Assistance to microenterprises as defined by Section 102(a)(22) of the Housing and Community Development Act of 1974; and
Microenterprises. 1. For purposes of carrying out Part 1(b) of the Project, the Project Implementing Entity shall establish two microenterprises in two selected provinces to carry out routine maintenance and improvement of road standards, following a criteria and terms of reference acceptable to the Association and included in the Project Operations Manual.
2. After having selected the two microenterprises referred to in paragraph 1 above, the Project Implementing Entity shall enter into legally binding and enforceable agreements with each of the two microenterprises under terms and conditions approved by the Association in accordance with this Agreement and the Project Operations Manual.
3. The Project Implementing Entity shall ensure that the two microenterprises fulfill their obligations and exercise their rights under each of the agreement in such manner as to protect the interests of the Recipient, the Association and to accomplish the purposes of the Financing.